Buyer to Pay $141 Million for Bankrupt LA Mega Mansion The One

The largest mansion in the U.S. has a buyer willing to spend more than $141 million to purchase it out of bankruptcy, according to Chad Roffers, president of Concierge Auctions, which handled the three-day online auction.

• The final price, which is subject to court approval, is far below the expectations of the developer who once listed the ~20-bedroom house for as much as $500 million
• Roffers said the sale set a new company record in the U.S. and globally
• Winning bid was $126 million but a 12% fee was added to that, according to two sources familiar with the ...